A new roof is coming soon! Rarely does a home become available in the highly desirable Chelsea Lane community. Showcasing timeless architecture, upscale finishes, and exceptional craftsmanship throughout, this impressive residence offers the perfect blend of luxury, comfort, and refined living. With 4 bedrooms, 3 bathrooms, a huge Florida room, and a versatile bonus room, there is abundant space for everyone. From the moment you enter, soaring 12-foot ceilings, elegant architectural details, and an expansive open layout create a grand yet welcoming atmosphere. Designed for both everyday living and entertaining, the home features a formal living room, elegant dining room, and a stunning family and kitchen great room anchored by custom built-ins and a cozy fireplace. The chef-inspired kitchen is beautifully appointed with gleaming granite countertops, solid wood cabinetry, and stainless steel Energy Star appliances, offering both beauty and functionality. Privately situated, the luxurious owner’s suite serves as a true retreat with tray ceilings, dual walk-in closets, and a spa-like ensuite bath featuring double vanities, a deep jetted tub, and a separate walk-in shower. A nearby guest bedroom provides the ideal space for a nursery, or an executive home office. On the opposite side of the home, two generously sized bedrooms provide comfort and privacy with convenient access to one of two well-appointed guest bathrooms. A massive Florida room further enhances the home’s impressive living space and flows seamlessly into the versatile bonus room ideal for guest accommodations, a media room, fitness space, or additional office. Double French doors open onto an expansive screened lanai with ample space for multiple seating areas, outdoor dining, grilling, and even a ping pong table, creating an exceptional setting for year-round entertaining and relaxed Florida living. Constructed with steel studs for added strength and storm readiness, this meticulously maintained home combines enduring quality with elegant design. Additional highlights include a very low HOA fee, close proximity to top-rated Alachua County schools, and convenient access to Gainesville, Tioga Town Center, premier shopping, dining, and entertainment. This is a rare opportunity to own a distinguished home in one of the area’s most desirable neighborhoods. Schedule your private tour today!
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
